Whether you breezed through it or found a few tricky questions, staying sharp on Form 2848 is key to delivering top-notch service to your clients. Below are the answers, along with brief explanations to help solidify your understanding.
How Did You Do?
Answers: C – A – C – B – C
1. Who must sign Form 2848 for it to be valid?
Answer: C) Both the taxpayer and the representative
Both the taxpayer and the representative must sign Form 2848. The taxpayer’s signature authorizes the representative to act on their behalf, and the representative’s signature confirms their acceptance of this role.
2. What happens if the representative’s authorization is limited to a specific tax period on Form 2848?
Answer: A) The representative cannot represent the taxpayer for other periods unless a new Form 2848 is submitted
Authorization on Form 2848 is limited to the tax periods specified. If additional periods are needed, a new Form 2848 must be filed to expand or change the authorization.
3. Can more than one representative be listed on Form 2848?
Answer: C) Yes, multiple representatives can be listed, and the taxpayer can choose which representative can act
You can list multiple representatives on Form 2848, giving the taxpayer flexibility to decide who should act on their behalf for specific matters. The taxpayer can designate different representatives for different matters or allow them to act interchangeably.
4. How long does a valid Form 2848 remain in effect?
Answer: B) Indefinitely, unless revoked or withdrawn
Form 2848 remains in effect indefinitely, meaning it does not expire until the taxpayer or representative formally revokes it, or the representative withdraws.
5. What must a representative have in order to represent a taxpayer before the IRS?
Answer: C) A valid CPA, attorney, or Enrolled Agent (EA) license
To represent a taxpayer before the IRS, a person must be a licensed professional, such as a CPA, attorney, or Enrolled Agent (EA). These designations ensure the representative has the necessary qualifications to handle IRS matters.
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